Gold bearish

٣ فبراير ٢٠٢٣

Gold has wiped out 3 weeks worth of bullish sentiment just in the past 2 days, indicating bearish momentum is picking up. Volume indicated also that there's alot of money behind the selling showing that it's not a weak push down. The bearish weekly volume candle is higher than all the weekly candles since 21 of november. Considering the fundamentals, a weak dollar which the Fed has to save which in turn will lead to gold dropping also confirms that the fundamentals are on the bearish side.